Unconsciously, the cryptocurrency market has lost more than $ 400 billion since its record high last week, inviting uneasiness among investors.
Again Bitcoin (BTC) became the focus of the world after reaching an all-time high (ATH), $ 58,330 last week saw a drop of more than 25% to a low of $ 43,537 last night.
In preparation for the initial public offering (IPO), Coinbase has listed several factors that can affect the price of bitcoin and ethereum to possibly lead to the ‘collapse’ of the era of the two currencies.
It includes: hacking, hacking, division in major networks (forks), quantum computing development and the law that is in the hands of treasury secretary Janet Yellen.
The future and development of cryptocurrency depends on a number of factors that are difficult to predict and evaluate. For example, Coinbase believes the identity of bitcoin founder Satoshi Nakamoto could expose the king of cryptocurrencies to significant risks including bitcoin transactions.
There are also opinions that say that the disclosure of Nakamoto's identity can damage the decentralization characteristics and reputation of Bitcoin as Nakamoto's identity is still a mystery after repeatedly failing to reveal the real founder of the currency to the media craze.
The very volatile nature of Bitcoin can be proven when in 2017, Bitcoin jumped to around $ 20,000 before sharply declining to $ 3,000 at the end of 2018.
At the time of writing, Bitcoin is trading at $ 46,389 and Ethereum is priced at $ 1,450.
